Search Results for: Indonesia

Indonesia’s paint and coatings industry is experiencing robust growth, driven by a booming construction sector and government infrastructure projects. However, the industry is also navigating a shifting regulatory landscape and grappling with challenges in raw material sourcing and skilled labour shortages.…

The Asia-Pacific region is a key driver of the world’s wood coatings market, accounting for 44.7% of worldwide sales in 2022, according to US-based Allied Market Research (1). These in total are significant and expanding, with US and India-based market researcher Fact.MR…

Indonesia’s viscose fibre industry is experiencing solid growth, driven by a shift in global consumption patterns and significant investments in domestic production capacity.

The country’s government has also taken steps to support the industry through incentives, trade negotiations and regulations promoting sustainable practices, stressed industry insiders.…

International organisations and academics are warning central banks to take AML/CFT into account as they develop central bank digital currencies (CBDC), although pressures to guarantee privacy might undermine such controls. According to 2023 research from the central banks’ central bank, the Basel, Switzerland-based Bank for International Settlements (BIS), 93% of central banks are now exploring or developing CBDCs (1).…

A new FATF survey has suggested significant advances are being made in imposing AML/CFT on the use of virtual assets (VA) and on virtual asset service providers (VASPs), with 49 out of 58 countries surveyed establishing controls. The survey assessed all FATF members plus 20 jurisdictions with materially important VASP activity, including Russia, which remains suspended from FATF because of its ongoing invasion of Ukraine.…

Indonesia’s textile and garment sector, a key pillar of the country’s economy and a major employer, is hoping for more attention and support from the incoming new Indonesian government, as it faces challenges from illegal imports, excessive costs and global instability, industry associations have said.…

Digital textile printing has been growing significantly in popularity and demand within the Indonesian clothing and textile sector, Rizal Tanzil, the secretary-general of the Indonesian Textile Association (API – Asosiasi Pertekstilan Indonesia). Speaking to Digital Textile, he stressed that it offered more flexibility and customisation for a wide range of textile applications, such as clothing, bags, hats and accessories.…

As construction ramps up, paint and coatings companies are eyeing lucrative opportunities in Indonesia’s new capital Nusantara, with several recent project launches promising a significant boost to the industry.

Outgoing President Joko Widodo recently inaugurated several key projects in Nusantara, including the emerging city’s international airport, hospitals, schools and housing.…

China still enjoys its dominance in the global garment supply chain, despite the “friendshoring” and “nearshoring” strategies used by western companies leveraging the geopolitical tension between China and the West in recent years.

A key reason is China’s longstanding track-record as a reliable clothing and textile supplier to global markets: “China is one of our top five largest sourcing markets.…

The seizure of criminal proceeds has been a policy priority of the current Singaporean presidency of FATF (the Financial Action Task Force) (1). But while it and jurisdictions such as the European Union (EU) are developing reforms to boost asset recovery, more change is needed for this tactic to become a truly effective weapon against organised crime.…